Royal Bank of Canada (TSE:RY) Price Target Lowered to C$192.00 at UBS Group

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target dropped by UBS Group from C$200.00 to C$192.00 in a research note issued on Friday,BayStreet.CA reports. UBS Group’s price target indicates a potential upside of 13.54% from the company’s previous close.

RY has been the subject of a number of other reports. Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. National Bankshares raised their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. Scotiabank raised their price objective on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a report on Monday, November 25th. Canaccord Genuity Group raised their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a report on Thursday, December 5th. Finally, TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$178.00 to C$180.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$178.83.

Royal Bank of Canada Price Performance

TSE:RY traded down C$0.24 during midday trading on Friday, reaching C$169.10. The stock had a trading volume of 568,946 shares, compared to its average volume of 4,622,727. Royal Bank of Canada has a 1-year low of C$130.44 and a 1-year high of C$180.45. The firm’s fifty day simple moving average is C$173.97 and its 200-day simple moving average is C$168.24. The stock has a market capitalization of C$239.28 billion, a P/E ratio of 14.73, a PEG ratio of 3.42 and a beta of 0.84.

Insider Buying and Selling at Royal Bank of Canada

In other Royal Bank of Canada news, Director David Ian Mckay sold 20,304 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$3,555,721.76. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total transaction of C$53,938.25. In the last 90 days, insiders sold 22,150 shares of company stock worth $3,882,024.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.